Financial Aid

Simmons University administers a comprehensive financial aid program, which may includes institutional, federal, and state grants; loans; and work opportunities. Simmons makes its educational opportunities available to as many capable, promising students as possible and welcomes applications from students who could not meet their college expenses without assistance.

The primary responsibility for educational financing belongs with the family. Financial aid eligibility is determined through the evaluation of a family’s ability to contribute toward educational expenses. Simmons University and/or the federal government may award funds to supplement the family’s ability to pay. At Simmons, both academic excellence and financial need are used to determine a student’s financial aid package. The cost of attendance is re-established each year, and family resources are re-evaluated annually.

Scholarships and Grants

First-year Students

Prospective, first-year students interested in applying for financial aid should do so at the time of their application for admission or as soon as possible after October 1st. The admission process is separate, and the application for financial aid will not influence the decision for admission. All first-year students are required to submit the Free Application for Federal Student Aid (FAFSA) as their application. The FAFSA becomes available on October 1st of the prior year at FAFSA.ed.gov. Simmons will contact the student via mail and/or email if additional documentation is needed. Detailed application instructions and deadline dates are available at simmons.edu/sfs/ug. Award notifications for families who have submitted their FAFSA by their Admission Deadline are sent along with after their letter of admission for the fall semester and on a rolling basis for the spring semester.

Continuing Undergraduates

Current undergraduate students should submit the FAFSA by March 1st to assure timely notification of awards. Awards for students who submit an application on time, will be issued in mid-June if they plan to return in the fall. To maintain financial aid eligibility, a student must demonstrate financial need, submit all necessary application materials by the requested dates, be enrolled at least half-time, and maintain satisfactory academic progress.

Students who wish to apply for need based financial aid for summer enrollment should do so by completing the summer enrollment form. The form will be updated and posted on the SFS website in mid-February.

Transfer Students (On Ground)

Students transferring to Simmons University are also eligible for financial aid as described above. The admission process is separate, and the application for financial aid will not influence the decision for admission. All transfer students who wish to apply for financial aid are required to submit the Free Application for Federal Student Aid (FAFSA). The FAFSA becomes available on October 1st of the prior year at FAFSA.ed.gov. Simmons will contact the student via mail and/or email if additional documentation is needed. Detailed application instructions and deadline dates are available at simmons.edu/sfs/ug. Notification begins in March for the fall semester and December for the spring semester.

Transfer CompleteDegree Students (Online)

Students transferring to Simmons University through the CompleteDegree program are eligible for federal financial aid. The admission process is separate, and the application for financial aid will not influence the decision for admission. All CompleteDegree students who wish to apply for financial aid are required to submit the Free Application for Federal Student Aid (FAFSA). The FAFSA becomes available on October 1st of the prior year at FAFSA.ed.gov. Simmons will contact the student via email if additional documentation is needed. Detailed application instructions and deadline dates are available at simmons.edu/sfs/ug. Notification happens on a rolling basis after students are admitted. To maintain financial aid eligibility, a student must be enrolled at least half time (except for less than ½ time Pell grants) and maintain satisfactory academic progress.

Financial Aid for Dix Scholars

Newly enrolling Dix Scholars receive a Dix Scholarship of up to $5000. Dix Scholars working toward their first undergraduate degree are eligible to apply for federal, state, and Simmons grant funding. Students seeking a second degree are also eligible for aid on a limited basis. Any Dix Scholar is welcome to apply for financial aid by submitting the Free Application for Federal Student Aid (FAFSA), and any other requested documents.

Students over the age of 24 are not required to submit their parents’ financial information as part of their application. Detailed application instructions and deadline dates are available at simmons.edu/sfs/ug. Students should submit their financial aid applications concurrently with their applications for admission or as soon as possible after October 1st. Notice of awards will begin in March for the fall and summer semesters and in December for the spring semester.

Financial Aid for Study Abroad

Effective Fall 2018 Simmons has a Home School Tuition model for On Ground Students who study abroad. This policy allows all Simmons grant and scholarship aid to be used for approved semester abroad programs and is reflective of the university’s commitment to accessibility and inclusion. Under this model, the financial process will largely mirror a semester on campus where participating students will continue to pay Simmons tuition, housing, as well as a study abroad fee. This policy simplifies the study abroad process and ensures that undergraduate students of all financial means and diverse backgrounds have an opportunity to pursue a transformative semester abroad while at Simmons.

This approach makes the study abroad experience more equitable to all students, regardless of their financial position. Financial aid is provided to a majority of students at Simmons to ensure that ability to pay does not limit their educational opportunities.

Additional Fees:

Several study abroad programs include services and excursions in their fees that would not typically be covered by Simmons tuition. In these instances, the fees are passed along to the student. For more information on estimated additional fees for a specific study abroad program, please the Center for Global Education at cge@simmons.edu.

Loans: Federal and Institutional

Unlike scholarships and grants, loans must be repaid. Students are required to sign a promissory note for all loans. Repayment begins after graduation or when a student drops below a half-time registration status.

If a student is borrowing a federal loan at Simmons University for the first time, federal regulations require that they complete loan entrance counseling and a master promissory note before any loan funds can be credited to the student’s account.

Subsidized Federal Direct Loan:

This federally subsidized loan is made available by the federal government. Students who demonstrate financial need are eligible for this loan. The maximum annual loan for first-year students is $3,500; for sophomores, $4,500; and for juniors and seniors, $5,500. The cumulative maximum for undergraduate study is $23,000. The rate of interest is set annually. The interest is paid by the federal government while the student is enrolled at least half time in a degree seeking program. Repayment begins six months after a student ceases to be enrolled at least half-time. The standard repayment term is 10 years and may be extended through various repayment options.

Unsubsidized Federal Direct Loan:

This loan is available to students in addition to the subsidized loan and to students who do not qualify on the basis of need for subsidized loan funds. Eligibility is the difference between the annual maximum and the amount received in subsidized loan. Total loan limits for both subsidized and unsubsidized programs, either singularly or combined, are $5500 for first-year students; $6500 for sophomores; and $7500 for juniors and seniors.

Independent undergraduates, and dependent students whose parent is unable to borrow through the Federal Plus Loan Program, may borrow an additional $4,000 (first-year students/ sophomores) or $5,000 (juniors/ seniors) annually. The amount received each year in combination with other awards cannot exceed the students cost of attendance. The rate of interest is set annually. Accrual of interest begins once the loan is disbursed and can be capitalized (added to the loan) or can be paid quarterly. Similarly, repayment begins six months after a student ceases to be enrolled at least half-time.

Federal Parent PLUS Loan:

The Federal PLUS Loan for parents is one of the loan options parents of dependent students families can choose to finance their remaining educational expenses. The interest rate and processing fee are set annually. Payment can begin after the loan is fully disbursed for the year or can be deferred until after the student ceases to be enrolled at least half-time. The standard repayment term is 10 years.

Institutional Loans:

These institutional loans are awarded by Simmons University based upon financial need. Repayment begins after a student ceases to be enrolled at least half-time. The funds for these loans come from a variety of sources including endowed funds established by donors to provide low-interest loans to students. Due to the limited availability of these funds, they are awarded on a case by case basis.

Payment Plans


Simmons University is committed to assisting families in pursuing additional financing options. Monthly payment plans are a means of budgeting education costs over the academic year without borrowing, thereby allowing families to pay for current academic-year expenses out of current monthly income and savings. See Payment Methods and Policies for more information about monthly payment plans.

Part-Time Employment

Federal Work Study:

A student’s financial aid may contain a federal work-study award, which is funded primarily by the federal government and administered by Simmons. These awards are made based upon need and a student responding ‘yes’ to having interest in work study on the FAFSA. A work-study award does not guarantee a job, but it offers the student an opportunity to apply and interview for a desired position.

Part-time General Employment:

Simmons University also funds general employment to provide employment both on and off campus. General employment is available to students regardless of financial need.

Through either source of funding, a student may work up to 20 hours per week in either on- or off-campus positions. Students receive a bi-weekly paycheck for hours worked. Students interested in all types of work opportunities should visit Student Employment.

Applying for Financial Aid

First-year Students

Prospective, first-year students interested in applying for financial aid should do so at the time of their application for admission or as soon as possible after October 1st. The admission process is separate, and the application for financial aid will not influence the decision for admission. All first-year students are required to submit the Free Application for Federal Student Aid (FAFSA) as their application. The FAFSA becomes available on October 1st of the prior year at FAFSA.ed.gov. Simmons will contact the student via mail and/or email if additional documentation is needed. Detailed application instructions and deadline dates are available at simmons.edu/sfs/ug. Award notifications for families who have submitted their FAFSA by their Admission Deadline are sent along with their letter of admission for the fall semester and on a rolling basis for the spring semester.

Continuing Undergraduates

Current undergraduate students should submit the FAFSA by March 1st to assume timely notification of awards. Awards for students who submit an application on time, will be issued in mid-June if they plan to return in the fall. To maintain financial aid eligibility, a student must demonstrate financial need, submit all necessary application materials by the requested dates, be enrolled at least half-time, and maintain satisfactory academic progress.

Students who wish to apply for need based financial aid for summer enrollment should do so by completing the summer enrollment form. The form will be updated and posted on the SFS website in mid-February.

Transfer Students (On Ground)

Students transferring to Simmons University are also eligible for financial aid as described above. The admission process is separate, and the application for financial aid will not influence the decision for admission. All transfer students who wish to apply for financial aid are required to submit the Free Application for Federal Student Aid (FAFSA). The FAFSA becomes available on October 1st of the prior year at FAFSA.ed.gov. Simmons will contact the student via mail and/or email if additional documentation is needed. Detailed application instructions and deadline dates are available at simmons.edu/sfs/ug. Notification begins in March for the fall semester and December for the spring semester.

Transfer CompleteDegree Students (Online)

Students transferring to Simmons University through the CompleteDegree program are eligible for federal financial aid. The admission process is separate, and the application for financial aid will not influence the decision for admission. All CompleteDegree students who wish to apply for financial aid are required to submit the Free Application for Federal Student Aid (FAFSA). The FAFSA becomes available on October 1st of the prior year at FAFSA.ed.gov. Simmons will contact the student via email if additional documentation is needed. Detailed application instructions and deadline dates are available at simmons.edu/sfs/ug. Notification happens on a rolling basis after students are admitted. To maintain financial aid eligibility, a student must be enrolled at least half time (except for less than ½ time Pell grants) and maintain satisfactory academic progress.

Financial Aid for Dix Scholars

Newly enrolling Dix Scholars receive a Dix Scholarship of up to $5000. Dix Scholars working toward their first undergraduate degree are eligible to apply for federal, state, and Simmons grant funding. Students seeking a second degree are also eligible for aid on a limited basis. Any Dix Scholar is welcome to apply for financial aid by submitting the Free Application for Federal Student Aid (FAFSA), and any other requested documents.

Students over the age of 24 are not required to submit their parents’ financial information as part of their application. Detailed application instructions and deadline dates are available at simmons.edu/sfs/ug. Students should submit their financial aid applications concurrently with their applications for admission or as soon as possible after October 1st. Notice of awards will begin in March for the fall and summer semesters and in December for the spring semester.

Financial Aid for Study Abroad

Effective Fall 2018 Simmons has a Home School Tuition model for On Ground Students who study abroad. This policy allows all Simmons grant and scholarship aid to be used for approved semester abroad programs and is reflective of the university’s commitment to accessibility and inclusion. Under this model, the financial process will largely mirror a semester on campus where participating students will continue to pay Simmons tuition, housing, as well as a study abroad fee. This policy simplifies the study abroad process and ensures that undergraduate students of all financial means and diverse backgrounds have an opportunity to pursue a transformative semester abroad while at Simmons.

This approach makes the study abroad experience more equitable to all students, regardless of their financial position. Financial aid is provided to a majority of students at Simmons to ensure that ability to pay does not limit their educational opportunities

Additional Fees:

Several study abroad programs include services and excursions in their fees that would not typically be covered by Simmons tuition. In these instances, the fees are passed along to the student. For more information on estimated additional fees for a specific study abroad program, please the Center for Global Education at cge@simmons.edu.

Satisfactory Academic Progress

The federal government requires institutions to monitor recipients of federal financial aid to ensure that they are meeting Satisfactory Academic Progress (SAP) standards. In order to meet SAP, students must satisfy each of the following requirements.

  • Meet the minimum, cumulative GPA 2.0 by sophomore year
  • Complete the minimum required percentage of credits attempted, 67%
  • Attempt no more than maximum allowed number of credits, 150% of the number of credits required to complete their program.

If a student fails to meet these requirements, they will be notified by Student Financial Services and informed of the next steps they can take in order to restore or secure their financial aid eligibility.

Please note that SAP applies to federal, state, and institutional funding. It is not the same as an academic warning or probation. If the student still meets the program requirements necessary to remain enrolled, they may pay their costs out of pocket or borrow from a lender who does not require them to meet SAP.

Please review our full SAP Policy at Tuition & Financial Aid Policies for more detailed information on the requirements, frequency of review, resulting statuses, and potential for appeal.